XML 27 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
ASSETS:    
Land $ 236,941 $ 153,601
Buildings 287,226 178,374
Site improvements 28,257 18,832
Tenant improvements 28,517 18,242
Construction in progress 21,312 4,423
Less accumulated depreciation (18,294) (8,360)
Property, net 583,959 365,112
Cash and cash equivalents 5,292 6,525
Restricted cash 3,680 5,870
Tenant receivables, net 4,174 1,945
Lease intangibles, net 68,556 53,024
Mortgage loan receivable 2,000 2,000
Deferred rent receivable 2,997 1,148
Other assets 17,013 5,464
Total assets 687,671 441,088
LIABILITIES AND EQUITY:    
Mortgages payable, net 244,961 137,043
Notes payable 21,000 85,384
Accounts payable and other liabilities 21,080 12,944
Lease intangibles, net 13,843 7,150
Dividends/distributions payable 5,801 1,957
Total liabilities 306,685 244,478
Commitments and contingencies      
Equity:    
Preferred stock, 50,000,000 shares authorized; 7.0% Series A cumulative convertible perpetual preferred stock, $50,000,000 liquidation preference ($25.00 per share) 2,000,000 and 0 shares issued and outstanding at December 31, 2011 and 2010, respectively 47,703  
Common stock, $.01 par value, 200,000,000 shares authorized; 30,289,813 and 15,663,331 shares issued and outstanding at December 31, 2011 and 2010, respectively 302 156
Additional paid-in capital 319,875 191,453
Cumulative deficit (3,277) (3,725)
Total Stockholders' Equity Before Accumulated Other Comprehensive Loss 364,603 187,884
Accumulated other comprehensive loss (811) (373)
Total stockholders' equity 363,792 187,511
Non-controlling interests 17,194 9,099
Total equity 380,986 196,610
Total liabilities and equity $ 687,671 $ 441,088